page 21 feb 16 - the peninsula · 2017-02-15 · isam al zadjali, the ceo of oman oil company-...

BUSINESSBUSINESSThursday 16 February 2017

Saad Sherida Al Kaabi (second left), the President and CEO of Qatar Petroleum, received Isam Al Zadjali, the CEO of Oman Oil Company- Oman’s energy investment arm, in his office at Qatar Petroleum headquarters. Discussions during the meeting centered on the latest developments in the regional and international oil and gas markets and industry, as well as means of increasing cooperation between both sides.

Qatar- Oman Cooperation

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EU and Canada get free trade

deal clearance

Mazda Qatar unveils offers for sedans and SUVs

Dow & Brent before going to press

Sachin Kumar The Peninsula

Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada said yesterday

Qatar played a crucial role, as the President of Opec and Gas Exporting Countries Forum in 2016, in restoring balance in the global oil market.

He was speaking at The Energy and Economic Diversifi-cation Policies Roundtable, organised by Qatar Leadership Centre and Rice University’s Baker Institute in cooperation with the Ministry of Energy and Industry and Qatar University.

“Qatar played a responsible role in addressing the global energy needs and the associated market turbulence. Qatar embarked on a mission to find out the best ways and means to restore balance to the oil market and the much needed recovery of the world economy,” said Dr Al Sada.

“In doing so, Qatar was rely-ing on its solid relations with the

international community,” he added. Despite the difficulties and challenges faced during this period, Qatar was successful in its mission and spearheaded a cohesive, credible, and continu-ous effective action to build a firm and common ground based on collaborative efforts among producers, both within and

outside Opec, he added. “Through a series of meetings culminating in the historic reso-lutions made on November 30 and December 10, Opec agreed to reduce its production by around 1.2 million barrels per day and 11 Non-Opec producers agreed to cut an additional around 600,000 million barrels

per day, supporting Opec efforts in expediting the rebalancing of supply and demand and draw-down of the stock overhang, currently at a high level,” Dr Al Sada added.

The Minister noted that the drop in oil price and the World economic slowdown has opened up windows of opportunities for

the GCC countries. This situation gave a thrust to GCC economic diversification in the wake of these challenges, and also embarked in improving effi-ciency through cost reduction, mergers and so on.

Qatar's strategy in energy sector covers a range of objec-tives to contribute to the

development and growth of its economy and meet all the energy needs of the domestic market, he explained.

Dr Al Sada said the success-ful investment in hydrocarbons has been the main engine for sustained and rapid economic growth in Qatar, stressing on its plan to keep monetising hydro-carbon resources to support further development and trans-form the nation into a sustainable and diversified economy.

“The energy market has been characterised by uneconomic prices which are damaging to both producers and consumers which hinder critical industry investments, needed for energy security few years down the line,” he said.

“Unprecedented level of investment drop over two con-secutive years is jeopardising security of supply which can manifest itself in two to three years from now. While it may appear to be positive, fitting a lower energy bill, the inevitable consequences have been lower World GDP, job losses and defla-tion,” he added.

Satish Kanady The Peninsula

Foreign inflows to Qatar Stock Exchange (QSE) saw a notable pick up in the

second half of 2016, especially after the bourse’s first tranche upgrade by FTSE in September. The net foreign inflows to QSE averaged $212m a month com-pared to $81m in 1H16.

Qatari equities had a good run in the weeks leading up to the upgrade; but the rally was not sustained and QSE contin-ued with a lacklustre performance for the remainder of 2016. The upgrade, which came into effect in September, was expected to lure more than $500m through passive funds alone, NBK analysts said citing market data.

Qatar-based market watch-ers are expecting a further pick up in the market ahead of the March upgrade. FTSE's Qatar upgrade to the Secondary Emerging Market was to be implemented in two tranches-September 2016 and March 2017. The market saw an upswing in the run up to the first tranche upgrade. The

March upgrade is estimated to pump in about QR2bn to the market, they said.

The QSE rebounded late in the year on the back of the deal by oil producers to cut oil out-put, and continues to do better thus far in 2017. The selling of Emerging Market (EM) assets, partly triggered by the election of Donald Trump in the US, didn’t seem to have a signifi-cant effect on Qatari equities. Data showed foreign inflows mostly holding up since the election. Market capitalization stood at $153bn at the end of December, having added a $1.6bn during the year.

According to NBK analysis, sentiment in Qatar suffered due to a lack of clarity regarding cuts in government spending and declining liquidity. Despite being the fastest growing econ-omy and having one of the strongest fiscal positions in the region, low oil prices of the past two years have taken a heavy toll on confidence and business in the country. Government spending, the lynchpin of the economy, is expected to have contracted for the second year in a row in 2016.

New York Reuters

Warren Buffett's Berk-shire Hathaway was an aggressive buyer of

stocks in last year's fourth quar-ter, nearly quadrupling its stake at Apple and increasing its stake sevenfold in the four biggest US airlines.

In a regulatory filing, Berk-shire reported owning 57.4 million shares of Apple as of December 31, which would now be worth $7.74bn, up from just from 15.2 million shares in the iPhone maker three months ear-lier. Berkshire also reported a $9.3bn airline stake, with invest-ments topping $2.1bn in each of American Airlines Group, Delta

Air Lines, Southwest Airlines and United Continental Hold-ings. It also disclosed new stakes in satellite radio company Sir-ius XM Holdings and seed company Monsanto, which is being bought by Germany's Bayer.

The new, larger stake makes Berkshire one of Apple's 10 big-gest investors.

Stock market fights

for momentum ahead

of March upgrade

Qatar played crucial role in rebalancing oil market: Al Sada

Minister of Energy and Industry, H E Dr Mohammed bin Saleh Al Sada, addressing the opening session of Energy and Economic Diversification Policies Roundtable held at the Four Seasons Hotel in Doha yesterday. Pic: Salim Matramkot / The Peninsula

Berkshire quadruples its stake at Apple

QIC INSURED, the retail arm of QIC, yesterday announced the launch of its customer rewards programme QIC Advantage Club.Starting today, everybody who buys a full motor, home or annual travel insurance policy, will be eligible for a complimen-tary 12 month membership to QIC Advantage Club. ‘’We are delighted to be able to give something back to our loyal customers through this exciting programme,’’ said Salem Al Mannai (pictured), Deputy Group President & CEO- QIC MENA region. ‘’Over the past 50 years QIC has served as a trusted insur-ance partner to hundreds of thousands of people in Qatar. Our vision is not only to maintain our position as the market leader in Qatar, but to continually strive to be regarded among the top insurance companies in the world," he added.

QIC Insured unveils loyalty rewards programme

$53.06+0.02

10,731.53+61.02 PTS

0.57%BRENTQE

20,591.26 +86.85 PTS

0.42%

7,302.41 +33.85 PTS

0.47%DOW FTSE100

22 THURSDAY 16 FEBRUARY 2017BUSINESS

The Peninsula

The Board of Direc-tors of Qatar National Cement Company (QNCC) has invited appli-

cations from its shareholders to apply for nomination of the Board of Directors as rep-resentatives of the private sector for next three years (2017-2019).

The applicants age should be 21 or above with full capacity and they should not be convicted of any of the crimes referred to in Article (334) and Article (335) of the QCCL No. 11/2015.

Candidate shall be an owner of a minimum limit of 20,000 shares of the Company's Shares and the shares shall be assigned as security for the rights of the company, shareholders, creditors and third parties against responsibilities assumed by the members in accordance with Article 21

of the Amended Articles of Association.

Candidate shall not be a member in more than three Company Boards each hav-ing its principal place of business in Qatar or be a Chairman/ Vice Chairman in more than two companies; In any case, the member shall not be part of management in more than one company having its principal business in Qatar and shall not be a board member in two com-panies of similar activities.

The candidates should possess the knowledge and skills required to support in setting the vision, principles, values and strategic plan, and to provide value adding and objective insight to Qatar National Cement Company's operations.

Application will be received during the working hours from 7am until 2pm, at the Company's Head Office in Doha with required documents.

QNCC invites applications for board of directors Fortress

Executives to reap $1.39bn of SoftBank sale New YorkBloomberg

The three leaders of For-tress Investment Group LLC will reap a com-

bined $1.39billion from the sale of the alternative-asset manager to SoftBank Group Corp.

Co-Chairmen Pete Briger and Wes Edens own stakes worth $510m and $511m, respectively, at the $8.08 per-share offer price announced on Tuesday, based on own-ership disclosed in the company’s most recent proxy statement. Chief Executive Officer Randy Nardone’s Class A shares were valued at $371m.

The trio have agreed to remain in charge of the busi-ness and invest half of their after-tax proceeds from the sale in the company’s funds, according to a statement.

Dubai’s Majid Al Futtaim mandates banks for dollar bondDubaiReuters

Majid Al Futtaim, a Dubai-based holding company which

owns and operates shopping malls in the Middle East and North Africa, has mandated banks ahead of a potential US dollar bond issue, banking sources said yesterday.

HSBC, National Bank of Abu Dhabi and Standard Char-tered have been appointed to arrange the deal, said one of the sources, adding however that the list was not conclusive and other banks could be involved at a later stage.A spokesman for Majid Al Fut-taim declined to comment.

Majid Al Futtaim is rated BBB by Fitch and Standard & Poor’s.

Mazda Qatar unveils offers for sedans and SUVsThe Peninsula

National Car Com-pany, the sole agent for Mazda in Qatar, has announced the special offer promo-

tion for Mazda 2017 range of sedans and SUVs.

Customers buying Mazda vehicles will get the best price for all models in addition to value added benefits on select models such as free comprehensive insurance for 1 year, free regis-tration, 1 Year or 15,000 Km free service (whichever comes first) and 5-year warranty along with road side assistance.

“At National Car Company (Mazda Qatar), we aim to pro-vide exceptional value for money to our valuable customers for their purchases. We consistently achieve this through our special offers and promotions. Our diverse range of special offers ensure that the vehicle owner-ship is well explained and affordable at all stages.”, said Sathish Nair, Marketing & Sales Manager of National Car Company.

Mazda’s outstanding offers have already generated interest across a wide cross-section of customers and has resulted in a steady increase in the customer walk-ins to the Mazda show-room located in Al Nasr area

where the entire range of 2017 model sedans and SUVs are available for sale. Mazda gave careful consideration to the impassioned feedback and opin-ions offered by loyal customers aimed to bring greater refine-ment to a variety of elements, including design, the quality and functionality of the interior, ride comfort and quietness, as well as safety performance.

Launched as Mazda’s first car to fully adopt SKYACTIV TECH-NOLOGY and “KODO—Soul of Motion” design language, the Mazda CX-5 offers all the essen-tial basic values.

The new 2017 range of Mazda 3 sedans and hatchback models as well as Mazda sedans are introduced with additional vehicle dynamics and safety

delivered by a combination of Skyactiv technology and the advanced G Vectoring Control Systems developed by Mazda.

The new generation of Mazda 6 has achieved further enhancement in design, driving dynamics, safety and advanced car connectivity.

Breakthrough SKYACTIV TECHNOLOGY lies at the heart of this new benchmark sports sedan, delivering pulse-pound-ing performance and handling along with truly remarkable fuel efficiency.

The most popular Mazda

model in Qatar, the dynamic Mazda 3 is engineered with the full complement of SKYACTIV TECHNOLOGY (Skyactiv engine available in 2.0 Litre version) .

In addition, world-class safety is assured with the adoption of the latest iteration of Mazda’s propri-etary i-ACTIVSENSE, and an advanced Human-Machine Inter-face that has safe driving as its top priority.

Finally, MZD CONNECT, the new in-vehicle connectivity sys-tem, offers access to the Internet and a host of the latest services.

The All New Mazda CX-9,

being the first Mazda to feature the breakthrough SKYACTIV-G 2.5Turbo petrol engine, it deliv-ers class-leading performance with real-world efficiency, the turbocharged engine offers driv-ing excitement never before felt in a seven-seat SUV, is the ulti-mate blend of stunning sophistication and a family SUV.

The spacious interior is fin-ished with quality craftsmanship in every detail. Add the latest in connectivity, passenger comforts and i-ACTIVSENSE safety tech-nologies and you’ve got a seven-seater that brings together

luxury with practicality. It pro-duces a 250 horsepower, that figure is complemented by a whopping 420 Nm torque. Importantly, torque is easy to access in the lower part of the rev range, with peak twist com-ing in at just 2,000 rpm.

Mazda showroom located at Al Nasr is open 7 days a week from 9 am – 9 pm except for Fri-days with opening hours from 4.30 pm to 8.30 pm. For more information on the entire Mazda range, visit Mazda showroom, call 44435965 or visit www.mazda-qatar.com

The newly launched CX5 2017 by Mazda.

Mazda's promotion

Customers buying Mazda vehicles will get the best prices for all models, plus 1 year free insurance, free registration and 5-year warranty.

Mazda Qatar launched the new 2017 range of Mazda 3 sedans and hatchback models as well as Mazda sedans.

US inflation hits fastest pace in 4 years WashingtonAFP

US consumer prices in Jan-uary rose at their fastest pace in nearly four years,

a fresh sign that a pickup in inflation may be approaching, Labor Department figures showed yesterday.

The consumer price index showed a 0.6 percent gain for the month, the third consecu-tive monthly acceleration and the largest increase since Feb-ruary 2013.

January also saw its largest 12-month CPI increase in nearly five years, rising 2.5 percent over January 2016. Even exclud-ing the more volatile categories of food and energy, prices were still up by almost as much at 2.3 percent.

The new figures may help persuade US central bankers to tighten monetary policy more quickly this year after a decade of near-zero interest rates. According to figures released on Tuesday by the Labor Depart-ment, US wholesale inflation, or prices seen from the seller's per-spective, likewise saw their largest monthly gain in more than four years.

Janet Yellen (pictured), chair of the Federal Reserve, said in congressional testimony on Tues-day that rate hikes were on the horizon and could come at any time. Yellen's words affirmed the belief among analysts and mar-ket players that another increase could happen as soon as the next meeting of central bankers on March 14 and 15.

Almost half of January's monthly increase in the consumer price index was driven by rising fuel prices, with the gasoline index up nearly eight percent while costs for housing, clothing and new cars also rose, accord-ing to the Labor Department. The energy index also saw its largest 12-month gain since November 2011, adding 10.8 percent.

In separate figures also

released yesterday, the Com-merce Department said a steep drop in auto sales weighed on the US retail sector in January, putting downward pressure on overall sales for the month.

Consumers in the United States shelled out a total $472.1bn in January, a 0.4 percent increase over the prior month. Auto sales, however, saw their sharpest decline in eight months, falling 1.4 percent. Excluding the more vol-atile auto category, the overall increase in retail sales for the month would have been twice as large at 0.8 percent.

Still, monthly sales were stronger than expected. Analysts had forecast growth of only 0.1 percent.

January was also consider-ably stronger than the same month last year, with sales up 5.6 percent by that measure.

Inflation decline

0.6%The consumer price index showed a 0.6 percentgain for the month, the largest increase since February 2013.

Och-Ziff suffers $13bn in withdrawals as clients fleeNew YorkBloomberg

Och-Ziff Capital Manage-ment Group LLC, one of the world’s biggest hedge

fund firms, suffered withdraw-als of about $13bn over the last 13 months as the company set-tled a five-year bribery probe and saw its founder Dan Och sin-gled out by regulators for ignoring red flags and corrup-tion risks.

Clients pulled about $8bn in 2016 and an additional $4.8bn in January through February 1, with redemptions concentrated in the multi-strategy funds, the company said yesterday in a statement. Some of the asset declines were offset with per-formance gains, including a 3.8 percent return for its biggest multi-strategy fund last year. Assets under management for

the firm decreased to $33.6bn as of February 1 from $43.7bn a year earlier.

“We have come through a challenging year,” Och said yes-terday on a conference call. “The

investigation and resulting set-tlement obviously had an impact on outflows, but we believe the worst quarter is behind us. That is not to say we won’t experience additional outflows, however, the tone of investor conversa-tions over the past few months has changed for the better. Investors are pleased with our recent performance and to have the investigation behind us.”

The New York-based firm said in November that it expected fourth-quarter redemptions to be higher than usual because of the settlement and the general exodus of insti-tutional investors from hedge funds. Pensions for Rhode Island, New Jersey and Goldman Sachs Group Inc. are among those that trimmed or exited their invest-ments in Och-Ziff last year. The hedge fund firm also saw its bond rating cut to junk on the

back of the withdrawals and a reduction in management fees for clients to an average of 1.01 percent from 1.23 percent.

The publicly-traded invest-ment firm lost almost half its value in the stock market in each of the last two years. The shares fell 5.8 percent at 10:29 am yes-terday to $3.42.

In its earnings report yester-day, Och-Ziff reported distributable earnings of $7.5m, or 1 cent a share, in the quarter compared to a loss of $36.1m, or 7 cents, a year earlier. For the full year, the loss was $121.3m com-pared with a profit of $251.9m in 2015. The combination of lower assets and revenue led to an unexpectedly high leverage ratio for Och-Ziff, which could see another ratings downgrade this year if outflows continue and its debt ratio edges higher, S&P Glo-bal Ratings said on January 5.

Och said yesterday that he named David Windreich and James Levin co-chief investment officers. Windreich is head of US and European investing, while Levin oversees credit.

Och-Ziff’s settlement with the US Justice Department, which included a $213m crimi-nal penalty, deferred prosecution for three years in exchange for cooperation and good behavior. In a separate accord with the Securities and Exchange Com-mission, Och-Ziff agreed to pay about $199m to settle a parallel investigation alleging its execu-tives ignored warnings from legal counsel and permitted illicit transactions to proceed.

Its OZ Africa Management GP unit pleaded guilty to con-spiring to bribe officials of the Democratic Republic of Congo. Och personally paid a fine of nearly $2.2 m.

Hedge fund losses

$4.8bn

$33.6bn

Clients pulled about $8bn in 2016 and an additional $4.8bn in January through February 1.

Assets under management for the firm decreased to $33.6bn as of February 1 from $43.7bn a year earlier.

23THURSDAY 16 FEBRUARY 2017 BUSINESS

Canadian Prime Minister Justin Trudeau (thrid right) participates in a roundtable discussion with Ivanka Trump (second right), TransAlta Coproration CEO and President Dawn Farrell (right), US President Donald Trump (not shown) and women business leaders at the White House in Washington, US.

White House roundtableEU and Canada get free trade deal clearance

Strasbourgh, Reuters

The European Union and Canada secured clearance yesterday for their contentious free trade deal and

the removal of import duties that supporters say will boost growth and jobs on both sides of the Atlantic.

The two parties can claim a success for their open mar-kets policy after months of protest and uncertainty and in the face of US President Don-ald Trump, who has withdrawn from the Trans-Pacific Partner-ship (TPP) and wants to rework the North American Free Trade Agreement.

European Parliament law-makers backed the Comprehensive Economic and Trade Agreement (CETA) by 408-254, meaning large parts of the EU-Canada deal, nota-bly tariff reduction, will finally enter into force some 8 years after negotiations began.

CETA has been the focus of demonstrations in Europe led by trade unions and protest groups that say it will lead to a race to the bottom in labour and environmental standards and allow multinational corpora-tions to dictate public policy.

The chief point of conten-tion is the deal's system to protect foreign investors, which critics say can lead to cases such as Philip Morris's chal-lenge, albeit unsuccessful, of

plain tobacco packaging in Australia.

Supporters say the right to regulate is enshrined in the treaty and CETA has replaced closed arbitration panels with transparent and independent courts to settle disputes.

Full implementation of CETA, including investment, will only ensue after clearance by more than three dozen national and regional parlia-ments, by no means a certainty. Opposition in the Belgian region of Wallonia threatened to kill the deal last year.

One left-wing group in the parliament said CETA still faced defeat in national assemblies, referendums or at the Europeancourt.

Backers say CETA will increase Canadian-EU trade by 20 percent and boost the EU economy by 12 billion euros ($12.7bn) a year and Canada's by C$12bn ($9.18 billion).

For Canada the deal is important to reduce its reliance on the neighbouring United States as an export market.

For the EU, it is a first trade pact with a G7 country and a success at a time when the bloc's credibility has taken a beating from Britain's vote last June to leave the bloc.

The EU recognises EU-US trade talks are frozen, but wants CETA to be just one of a series of ambitious trade deals it plans with countries including Viet-nam, Japan and Mexico.

Canada had signed the 12-nation TPP, which Trump has rejected, but remains in trade talks with fellow signa-tory Japan as well as with India and Singapore.

Canadian Prime Minister Justin Trudeau, who met Trump on Monday, is due to address the European Parliament today.

Dollar notches longest run of gains in five years London Reuters

The dollar chalked up its 11th straight daily rise yes-terday, as investors' focus

moved to inflation data in the United States for more support for the idea of a rise in Federal Reserve interest rates next month.

European trade in the major currencies was dominated by dips for the Swedish crown and sterling after the Riksbank and a report on the UK labour market sounded cautious notes on their respective economic outlooks.

Fed chief Janet Yellen testi-fies for a second day in Congress after spurring more gains for the dollar on Tuesday by telling law-makers that the US central bank would consider raising rates at one of its "upcoming" meetings.

For markets that pointed to a hike in either March or May. It also opens the door to the Fed raising the return for holding dol-lars more than twice before the end of the year, beyond what investors have currently priced into short-term interest rates.

Consumer inflation is fore-cast to have risen to 2.4 percent in January and producer price

numbers on Tuesday were gen-erally higher than expected. The dollar's run of daily gains is now its longest since the peak of the euro zone's debt crisis in 2012.

"After Yellen's testimony, CPI data are the pick of the week for the US," said Elsa Lignos, senior currency strategist with RBC Capital Markets. "The risks are skewed to a higher print, partic-ularly given the consumer component from yesterday's strong PPI data."

The CME FedWatch indica-tor puts the chances of a rise in March at just 17 percent, but some market participants say the pric-ing of market interest rates points

to odds of 30 percent or more, ris-ing to more than 50 percent for May.

The dollar index, which measures the currency against its six major peers, was last up 0.2 percent at 101.43, its highest since January 20. It rose 0.3 per-cent to 114.58 yen and $1.0552 per euro.

"It is all about the dollar for now," analysts from Bank of America Merrill Lynch said in a report forecasting the euro to weaken to $1.02 in the months ahead. "We expect US fiscal stimulus, which together with political risks in Europe should help to weaken the euro in the first half of the year."

Like a number of other major investment houses, it was less confident, however, about the dollar's ability to push past parity after a series of failures over the past two years.

While the dollar has gained steadily so far in February, the enthusiasm among investors that drove it higher after Don-ald Trump's election, assuming he would reflate the US econ-omy, has been muted by concerns over protectionist trade policy and his attitude to the dollar.

Abu Dhabi in no rush to issue bond Dubai/Abu Dhabi Reuters

The emirate of Abu Dhabi is in no rush to issue an interna-

tional bond this year after completing a non-deal roadshow for investors in Asia, and may not issue at all this year, sources close to the matter said yesterday.

Government repre-sentatives met Asian fixed income investors at the end of January, but “the non-deal roadshow was just that: a non-deal roadshow. They won’t issue this year,” said one of the sources, declining to be named because the matter is not public.

Another source said there was no rush to sell bonds and a decision to issue had not been made, though he stopped short of saying there would definitely be no issue this year.

A spokesman at the department of finance of Abu Dhabi could not immediately be reached for comment. After an absence of seven years from the international debt markets, Abu Dhabi issued a $5bn bond in April last year, joining a flurry of Gulf issuers – both sovereign and corporate– raising debt internationally to offset the blow to their incomes of lower oil prices.

However , Abu Dhabi's state finances are stronger than those of most Gulf states and with the Brent oil price now around $55 a barrel, up from last year's average of $45, the emirate is believed to be running only a small deficit and to have no urgent need to borrow. Abu Dhabi’s bond last year was split between five-year and 10-year tranches; the 10-year paper priced at 125 basis points over US Treasuries.

Singapore property curbs to continueSingapore Bloomberg

Singapore’s residential prop-erty curbs are set to stay in place for at least another

year amid signs the city’s hous-ing market is stabilizing, the chief executive officer of South-east Asia’s biggest developer said.

“We see volume picking up and the price declines have slowed,” Lim Ming Yan, the president and CEO of Capita-Land Ltd., said in a Bloomberg Television interview with Haslinda Amin yesterday. “We see this trend continuing for 2017. There is no compelling reason for the government at this point to make major changes,” to property curbs, he said.

Lim was speaking after the Singapore-based developer said net income climbed 74 percent to S$430.5m ($303m) in the three months ended December 31. Revenue rose 7 percent to S$1.9bn. For the year, net profit rose 12 percent to S$1.2bn.

CapitaLand shares closed 0.9 percent higher in Singa-pore, extending this year’s gain to 16 percent.

CapitaLand’s Singapore

home sales more than doubled to 571 units during the year, and sales in China rose 14 per-cent. Singapore and China accounted for 84 percent of annual group earnings before interest and tax, up from 79 percent the previous year.

“Singapore and China con-tinue to be CapitaLand’s core markets, while we scale up in markets such as Vietnam,” Lim said in the earnings statement.

The developer has more than 8,000 homes ready to be sold in China and expects to hand over 6,000 this year, the

company said. Singapore home prices fell 3 percent in 2016, the third straight annual decline, as the government held steadfast on its cooling measures. Prices fell for a 13th straight quarter in the three months ended December 31, the longest streak since data was first published in 1975.

The existing stock of unsold homes may take three years to sell, according to Augustine Tan, president of the Real Estate Developers’ Association of Singapore.

The government has sig-naled it is reluctant to ease

property curbs, including cap-ping debt repayments at 60 percent of a borrower’s income and higher stamp duties, as it wants to avoid overheating the market again.

Singapore home sales rose 18 percent to 381 units in Jan-uary from a year earlier, the best yearly start since 2014, data released yesterday by the Urban Redevelopment Author-ity showed.

Lim said the global envi-ronment is uncertain and volatile, with the biggest risk being how the China-U.S. rela-tionship develops. President Donald Trump has threatened to slap tariffs on Chinese goods and label the nation a currency manipulator. He further antag-onized China by calling into question the ‘One China’ pol-icy after a telephone call with Taiwanese President Tsai Ing-wen, before a soothing phone conversation with China’s President Xi Jinping last week.

“These are the two largest economies in the world, so if there are on good terms many other businesses can grow, but if they are not on good terms then we have to be mindful that there could be situations we will have to manage,” he said.

Banks colluded on FX trades: RegulatorCape Town Bloomberg

A South African antitrust regulator said it found that more than a dozen

international and local banks colluded to manipulate foreign currency trades and recom-mended they be fined 10 percent of their annual turnover.

The Competition Commis-sion identified lenders including Bank of America Merrill Lynch, JPMorgan Chase & Co., BNP Paribas SA, Credit Suisse Group AG, HSBC Holdings Plc and Nomura Holdings Inc. as hav-ing participated in price fixing and market allocation in the trading of foreign currency pairs involving the rand since at least 2007. It referred the case to an antitrust tribunal, concluding an investigation that began almost two years ago.

“The respondents manipu-lated the price of bids and offers through agreements to refrain from trading and creating ficti-tious bids and offers at particular times,” the commis-sion said in an e-mailed statement Wednesday. “They

assisted each other to reach the desired prices by coordinating trading times. They also created fictitious bids and offers, distort-ing demand and supply in order to achieve their profit motives.”

South Africa’s efforts to bet-ter regulate foreign-exchange trading follows a price-rigging scandal in which some of the world’s largest banks agreed to pay fines and plead guilty to conspiring to manipulate mar-kets after being accused of using online chat rooms to collude. The country’s antitrust regula-tor announced in 2015 that it was investigating banks.

Bank of America, JPMorgan, Standard Chartered Plc, Com-merzbank AG and BNP declined to comment when contacted by Bloomberg. Officials from HSBC Bank Plc weren’t immediately able to comment, while Investec Plc didn’t immediately respond to requests for comment.

Investec said it would coop-erate with authorities but was unable to comment further because it didn’t have details of their investigations. Barclays Africa Group Ltd. also said it would cooperate with the authorities,

Lim Ming Yan, the President and CEO of CapitaLand Ltd, in front of a Singapore property

Two-way gain

For Canada the deal is important to reduce its reliance on the neighbouring United States as an export market.

For the EU, it is a success at a time when the bloc's credibility has taken a beating .

Index up

The dollar index, which measures the currency against its six major peers, was last up 0.2% at 101.43, its highest since January.

The CME FedWatch indicator puts the chances of a rise in March at just 17%.



People walk past an electric quotation board flashing the share price of Japan's Toshiba (top-left) in front of a securities company in Tokyo yesterday. Toshiba shares tumbled more than 10 percent after the company warning of a $6.2bn writedown in its US nuclear power business, as investors questioned the conglomerate's corporate governance.

Toshiba shares tumbled

Germany vows to protect jobs in OpelBerlinBloomberg

General Motors Co Chief Executive Officer Mary Barra flew to Germany to alleviate concerns

her proposal to sell Opel to PSA Group could lead to job cuts as the country’s political and labor leaders vowed to protect the brand’s workforce.

Barra and GM President Dan Ammann “are in Russelsheim for talks with the Opel team,” the automaker said in a statement yesterday, one day after Bloomb-erg broke the news that the marque may be sold to PSA. Chancellor Angela Merkel’s gov-ernment was quick to respond that any sale must come with guarantees to retain workers.

“The company carries responsibility for the sites, the development centre and secur-ing employment,” German Economy Minister Brigitte Zypries (pictured), a Social

Democrat, said in an e-mailed statement to Bloomberg. “This is my clear expectation regard-ing General Motors.”

A combination would create a manufacturer with about 16 percent of the European car mar-ket, pushing past Renault SA to become the region’s second-big-gest auto group after Volkswagen AG. A deal would also be the sec-ond run at linking the two mass-market carmakers. Any renewed effort is likely to center on finding ways to cut costs -- and ultimately jobs -- because the two have overlapping

product offerings. Zypries called it “unacceptable” that GM dis-cussed a possible Opel sale without first speaking with the works council, labour unions and the state government in Hesse, where Opel is based.

The manufacturer has three plants in Germany and the future of jobs at the sites could become a topic in this year’s federal election.

“I assume that the chancel-lor in discussions with Peugeot will insist on the fact that it’s important to keep jobs primarily

in Germany,” Franz Josef Jung, a lawmaker from the chancellor’s Christian Democrats whose con-stituency is home to Opel’s headquarters, said in an inter-view. Jung previously under Merkel ran the defense and labor ministries.

Peugeot shares dropped as much as 3.1 percent yesterday and traded 1.8 percent lower at €18.36 as of 11:37am in Frank-furt. GM closed 4.8 percent higher in New York on Tuesday.

Germany’s IG Metall labour union and Opel’s works council said they were caught by surprise with news of the potential sale to PSA, the maker of Peugeot and Citroen cars. Any such talks with-out their consent would be “an unprecedented violation of all German and European co-deter-mination rights,” the two said in a joint statement.

“Almost all experts say that with this deal now being pre-pared between the large French, almost state-owned conglomer-ate and Opel, that especially the

German Opel plants may be on the losing side,” Rainer Einenkel -- former works council chief at Opel’s Bochum plant, which was shut down -- said on Deutsch-landfunk radio.“It’s to be assumed that the German plants are under acute threat.”

Opel employees must get swift clarity about the future of production sites, Hesse Economy Minister Tarek Al Wazir said in a video posted Tuesday on his Facebook site, calling for coop-eration with workers.

Hesse Prime Minister Volker Bouffier said earlier that he’ll seek talks with company man-agement, with a view to securing jobs and keeping Opel’s devel-opment center -- “the core, the most important part of Opel” -- in Ruesselsheim, outside Frankfurt.

On the French side, a Peu-geot union representative expressed support for deeper cooperation between the two automakers and said he wasn’t surprised by the talks.

India to cut bank capital infusion this fiscal yearNew Delhi Bloomberg

India may cut the amount of capital it plans to inject into state-controlled lend-

ers this fiscal year by as much as Rs78bn ($1.2bn) because of slow loan growth, people with knowledge of the matter said.

The government, which had promised to inject Rs250bn into the lenders in the year ending March 31, has decided to defer Rs21bn of the pledged amount into next financial year, the people said, asking not to be identified because the information isn’t public. It’s also considering the deferral of another Rs57bn, they said. Finance Ministry spokesman D S Malik declined to comment.

Shares of lenders includ-ing State Bank of India erased gains. Credit expansion has been the missing link in Prime Minister Narendra Modi’s attempts to spur Asia’s third-largest economy as the state-controlled banks try to conserve capital.

Loan growth fell to a 25-year low last month after the government’s shock demonetisation policy dented demand.

The government said in July that it would allocate Rs229bn for 13 banks includ-ing Punjab National Bank and Indian Overseas Bank.

Only about three-quar-ters of the money was released to the banks at the time, with the remaining Rs57bn to be linked to fac-tors including performance, efficiency and growth of credit and deposits. India can infuse the deferred Rs78bn in the coming fiscal year, along with the Rs100bn pledged for the period as part of the federal budget revealed on February 1.

Sale woes

"The company carries responsibility for the sites, the development centre and securing employment,” German Economy Minister Brigitte Zypries, a Social Democrat, said.

Yellen's remarks propel world stocks higher LondonReuters

World stocks rose to a whisker off all-time highs yesterday and

the dollar rose for the 11th straight day following Federal Reserve Chair Janet Yellen’s flagging of a possible interest rate rise next month.

The dollar notched up its longest winning streak in almost five years after Yellen said on Tuesday the Fed would probably need to raise rates at an upcom-ing meeting and that delaying could leave the central bank’s policymaking committee behind the curve.

Propelled by record highs on Wall Street, MSCI’s bench-mark global equity index rose 0.25 percent to 442.4 points , its highest since May 2015 and two points off its record high. It has not fallen for six sessions, its longest such run since last July.

“The simple act of leaving a March (US) hike on the table, given that it had been all but written off by investors, is what triggered such a reaction,” said Craig Erlam (pictured), senior market analyst at Oanda.

Europe’s index of leading 300 stocks rose nearly 1 per-cent earlier to its highest since December 2015, but by mid-session had settled back to trade up 0.4 percent on the day at 1,465 points. Germany’s DAX was up 0.2 percent and Britain’s FTSE was up 0.5 percent, boosted by sterling’s slide after soft UK wage growth data.

Yellen’s remarks helped push Wall Street by boosting US bank stocks. Goldman Sachs shares hit a record high, and are up 37 percent since the US presidential election on Nov. 8.

Financials also led the way in Europe, with Credit Agricole up more than 3 percent after France’s biggest retail bank beat forecasts with a smaller than expected earnings drop in the fourth quarter.

Six of the top 10 gainers in Europe were banks.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.7 percent, rising to its highest since July 2015. Japan’s Nikkei added more than 1 percent, buoyed by a weaker yen.

The dollar index against a basket of major currencies chalked up its longest winning streak since May 2015. It was up 0.2 percent at 101.220, near a four-week high of 101.380 scaled overnight.

Yellen’s remarks rekindled expectations in some quarters for the Fed to raise rates three times in 2017 rather than twice.

Expo 2020 Dubai partners with SAP for tech solutionsDubaiAFP

Expo 2020 Dubai has part-nered with software solutions firm SAP to

deliver tailor-made experiences to the millions of people set to visit the global event.

Under the deal, SAP will offer real-time technology to enable organisers and exhibitors to analyse instantly data that predicts visitor trends and per-sonalises each individual's experience. That kind of bespoke

interaction is believed to be unique for a global event on this scale.

It could, for instance, see visitors be informed of the quickest route to their preferred pavilion, with suggested stops along the way. Such insights will be used to ensure a 'made-for-you' experience in other parts of their Expo journey, includ-ing hospitality, travel and telecommunications.

The partnership will help deliver an exceptional experience for each visitor. SAP global CEO,

Bill McDermott, said: "Across mega-events such as previous World Expos, the Olympics and Super Bowl, SAP has the global experience and future-ready technology to co-innovate with Expo 2020

Dubai as one of the world's most technologically-advanced mega-events. "SAP will enhance the customer journey, help Expo 2020 Dubai 'run simple' and sup-port Dubai as one of the world's most innovative and leading smart cities."

As the Innovative Enterprise

Software Partner, SAP is the event's first international Premier Partner and more partnerships, in technology and other areas, are expected to be announced in the near future.

The first World Expo to take place in the Measa region (Mid-dle East, Africa and South Asia) will open its doors in Dubai on October 20, 2020 and is expected to attract millions of visitors to a festival of new ideas and inno-vations that it is hoped will trigger a new global momentum of col-laborative progress.

EU urges quick Greece debt compromise on bailoutAthensAFP

Top EU economics official Pierre Moscovici (pic-tured) urged Greece and

its creditors yesterday to try and reach a compromise over the cash-strapped country's bailout terms in the next few "key days".

The former French finance minister spoke during a visit to Athens aimed at breaking the deadlock between Greece and its eurozone and International Monetary Fund (IMF) lenders, which has raised fears of a fresh debt crisis.

His trip came five days before a meeting of eurozone ministers that is seen as an unof-ficial deadline to end the stalemate ahead of important elections in Europe. "We have a

few key days, let's concentrate now to finish all these talks. The parameters are on the

table, everybody knows them," Moscovici told reporters after meeting Prime Minister Alexis Tsipras and Finance Minister Euclid Tsakalotos. The EU com-missioner said he was confident of progress towards a deal "if efforts are made by all sides".

The IMF and Europe are split over a demand by the eurozone that Greece deliver a primary balance, or budget surplus before debt repayments, of 3.5 percent of GDP. The IMF has said only 1.5 percent is feasible.

The Tsipras government refuses more pension cuts and tax hikes, which the IMF -- qui-etly backed by Germany -- insists are necessary for Greece to deliver on its targets. The feuding has blocked a tranche of loans from Greece's

€86bn ($91bn) bailout that it needs for debt repayments €7bn this summer. Considered an ally of Greece, Moscovici said that although more reforms would be necessary, it was important to tell Greek people "that there is a light at the end of the tun-nel of austerity". "We must strike the right balance between fiscal sustainability on the one hand, but also prosperity and the necessity to address... the concerns of those who suffer from poverty or unemploy-ment," he said.

Talks in Brussels between Greece and its creditors on Fri-day ended with no breakthrough. On Tuesday the Greek government hailed fig-ures showing the country had returned to annual growth in 2016, using it for a fresh assault

on further austerity measures. Early estimates from the national statistics office and projections from Brussels showed growth of 0.3 percent last year.

Moscovici welcomed the growth and called for a "reformed Greece in the heart of the eurozone," defying concerns over the country's future in the monetary union. Despite the commissioner's push for an agreement next week, Euro-group chief Jeroen Dijsselbloem warned on Tuesday warned that the standoff was likely to drag on. "The IMF has to come on board," he told Dutch broad-caster RTL Z. "It will take more time. People think that as there is a Eurogroup meeting next week we must have something worked out. But that has not been my planning."

THE Bank of England said it won’t pull its new plastic banknotes from circulation following controversy over the use of animal fat in their production.

The central bank will keep the polymer five-pound ($6.22) note and will issue the new ten-pound bill as planned in September, it said in a state-ment Wednesday. The BOE said it gave “careful consider-ation” to the matter but also had to weigh its responsibility to maintaining the supply of high quality and secure ban-knotes. The BOE also noted that the production uses only an “extremely small amount of tallow.”

BOE to keep polymer bank notes

QATAR STOCK EXCHANGE


INTERNATIONAL MARKETS - A LIST OF SHARES FROM THE WORLD

A C C-A/D 1447.85 -18.5 12129

Aarti Drugs-B/D 606 -4.75 1197

Aban Offs-A/D 232.4 -4.3 222523

Ador Welding-B/D 285.1 -3.7 4331

Aegis Logis-B/D 192.55 -2.65 122126

Alembic-B/D 37.3 -1.6 79983

Alkyl Amines-B/D 341.05 -7.9 2421

Alok Indus-B/D 3.3 -0.07 904227

Apollo Tyre-A/D 174 -1.85 164393

Asahi I Glass-/D 202 -0.15 7110

Ashok Leyland-/D 92.95 0.7 1079397

Ballarpur In-B/D 16 -0.6 323024

Banaras Bead-B/D 62.3 -3.65 2878

Bata India-A/D 487.95 -13.55 32132

Beml Ltd-A/D 1256.45 -33 128270

Bh Electronic-/D 1524.3 13.8 70301

Bhansali Eng-T/D 22.55 -0.15 248847

Bharat Bijle-B/D 823.3 -14 2853

Bharatgears-B/D 109.7 -5.3 2633

Bhartiya Int-B/D 471.05 -10.6 16621

Bhel-A/D 152.1 -4.8 720662

Bom.Burmah-B/D 603.25 3.2 31355

Bombay Dyeing-/D 55.6 -1.65 351838

Camph.& All-B/D 691 -9.65 1386

Canfin Homes-B/D 1989.1 79.65 21136

Caprihans-Xc/D 92.5 -2.35 7548

Castrol India-/D 412 -3.95 71842

Century Enka-B/D 303.55 -5.65 16918

Century Text-A/D 887.55 -22.75 137944

Chambal Fert-B/D 80.1 0.4 129082

Chola Invest-A/D 985.05 -21.1 4237

Chowgule St-T/D 15 -0.1 4421

Cimmco-B/D 65.05 -3.55 15559

Cipla-A/D 573.35 -3.4 51533

City Union Bk-/D 154.3 3.65 24052

Colgate-A/D 884 3.55 15605

Container Cor-/D 1230 -47.5 22965

Dai-Tichi Kar-/D 483 -13.6 2907

Dcm Financia-T/D 3.58 -0.17 7786

Dcm Shram Ind-/D 307.1 -18.3 40242

Dhampur Sugar-/D 196.15 -4 71687

Dr. Reddy-A/D 2910.05 -37.3 22602

E I H-B/D 102.5 -1.95 1739

E.I.D Parry-A/D 282.15 -3.7 56436

Eicher Motor-A/D 24718.8 -601.2 3594

Eimco Elecon-T/D 460 -2.55 2858

Electrosteel-B/D 27.7 -0.15 90159

Emco-B/D 28.8 -0.95 143907

Escorts Fin-B/D 10.07 -0.5 96625

Escorts-A/D 406.8 22.55 1066691

Eveready Indu-/D 249 0.95 8939

F D C-B/D 211 0.7 2327

Federal Bank-A/D 80.9 -2.1 407145

Ferro Alloys-B/D 8.41 -0.32 77687

Finolex-A/D 504 3.5 52487

Gail-A/D 494.3 -1.45 196371

Galada Power-B/D 8.7 -0.61 2680

Gammon India-T/D 12.19 -0.32 78558

Garden P -B/D 29.75 -2 25962

Godfrey Phil-B/D 1021.2 -19.55 10349

Goodricke-B/D 271.85 -0.05 31308

Goodyear I -B/D 710.5 -6.85 9757

Hcl Infosys-B/D 53.35 -3.05 656951

Him.Fut.Comm-T/D 13.23 -0.76 578770

Himat Seide-B/D 362 -6.45 592328

Hind Unilever-/D 848.9 0.65 44041

Hind Motors-T/D 10.17 -0.86 770769

Hind Org Chem-/D 23.5 -0.2 39308

Hind.Petrol-A/D 525.4 -20.35 371110

Hindalco-A/D 184.5 -2.8 1406867

Hous Dev Fin-A/D 1401.1 2.9 77885

I F C I-A/D 28.15 -0.5 1508831

Idbi-A/D 81 -3.05 525742

Ifb Agro-B/D 434 5.45 2330

India Cement-A/D 153 -4.25 205290

India Glycol-B/D 161.75 -9.1 64624

Indian Card-B/D 195.45 -6.7 3067

Indian Hotel-A/D 118.8 1.2 112665

Indo-Tcount-T/D 165 -4.9 52935

Indusind-A/D 1315.55 -14.65 33941

J.B.Chemical-B/D 325.25 -6.2 7072

Jagson Phar-B/D 41.05 1.6 102752

Jamnaauto-B/D 196 -3.2 45141

Jbf Indu-B/D 240 4.4 54794

Jct Ltd-B/D 5.18 -0.29 1076577

Jenson&Nich.-B/D 8.12 -0.2 16081

Jik Indust-B/D 0.78 0.03 5239

Jindal Drill-B/D 165.7 -4.15 2644

Jktyre&Ind-A/D 116.15 3.1 226183

Jmc Projects-T/D 234.15 0.8 143248

Kabra Extr-B/D 115 -3 10390

Kajaria Cer-A/D 568 -5.95 3258

Kakatiya Cem-B/D 307 -9.45 28721

Kalpat Power-B/D 278.4 -11.65 19063

Kalyani Stel-T/D 346.15 0.2 62469

Kanoria Chem-B/D 69.55 -1.7 15872

Kg Denim-B/D 78 -1.65 11740

Kilburnengg-Xd/D 57.1 -0.35 7059

Kinetic Eng-Xc/D 77.9 -1.45 10196

Kopran-B/D 63.45 -2.85 146291

Lakshmi Elec-B/D 452.5 -6.75 1067

Laxmi Prcisn-B/D 38.75 -2.2 1711

Lgb Broth-B/D 546.2 -8.05 2312

Lloyd Metal-Xt/D 15.99 -0.73 124785

Lumax Ind-B/D 1074.95 -36.4 2408

Lupin-A/D 1432 -3.35 96576

Lyka Labs-T/D 56.55 -2.25 16348

Mafatlal Ind-B/D 257.1 -2.9 3311

Mah.Seamless-B/D 287 -10.85 16859

Mangalam Cem-B/D 287 -6.4 30576

Maral Overs-B/D 38.5 -2.75 48060

Mastek-B/D 179.6 -2.9 15016

Max Financial-/D 606 1.1 106727

Mrpl-A/D 102 -3.7 173188

Nagreeka Ex-B/D 32.95 -2.95 3899

Nahar Spg.-B/D 127.3 -6.9 48975

Nation Alum -A/D 64.95 -2.5 369271

Navneet Edu-B/D 144.1 -0.35 20062

Nepc India-T/D 2.39 0.11 95922

Nrb Bearings-B/D 110 -3.25 7739

O N G C-A/D 194.5 -1.05 499276

Ocl India-B/D 910 -19.8 2109

Oil Country-T/D 40.1 -1.25 22230

Onward Tech-B/D 64.75 -1.65 3605

Orchid Pharm-B/D 27.15 -0.8 63665

Orient Hotel-T/D 26.5 0 5864

Oudh Sugar-B/D 142.4 -7.2 75086

Patspin India-/D 13.45 -0.68 23626

Punjab Chem.-B/D 272 -1.1 6514

Radico Khait-B/D 120.3 -4.7 102324

Rallis India-A/D 239.65 0.15 16828

Reliance Indus/D 396.35 -12.65 43831

Ruchi Soya-B/D 26.35 -2.4 822775

Saur.Cem-B/D 57.05 -0.7 45625

Sterling Tool-/D 189.95 -0.6 1620

Tanfac Indust-/D 63.6 0.8 59980

Thirumalai-B/D 820 -39.15 23484

Til Ltd.-T/D 293 -15.7 4493

Timexgroup-T/D 50.6 -2.1 37904

Tinplate-B/D 79.65 -1.95 38487

Ucal Fuel-B/D 184.8 -4.8 20729

Ultramarine-B/D 170.5 -0.55 7078

Unitech P -A/D 5.79 -0.06 9507760

Univcable-B/D 96.5 -1.05 18097

Uppergsugar-T/D 348.35 -18.55 32536

3i Group/D 714 0 312745

Assoc.Br.Foods/D 2548 24 326643

Barclays/D 239.55 4.3 22854090

Bp/D 459.19 -0.35 5687261

Brit Am Tobacc/D 4939.5 9.5 783381

Bt Group/D 309.3 3.55 7090116

Centrica/D 233.55 0.1 3477610

Gkn/D 347.7 -0.6 950070

Hsbc Holdings/D 705.2 8 7230297

Kingfisher/D 331.5 0.9 4270788

Land Secs Grou/D 1053 2 262120

Legal & Genera/D 247.1 3.2 3565304

Lloyds Bnk Grp/D 67.7 1.21 74272367

Marks & Sp./D 333.4 -3.1 1999042

Next/D 3906 -47 107303

Pearson/D 659.5 2 646778

Prudential/D 1637.5 19.5 2167932

Rank Group/D 210 1.7 4170

Rentokil Initi/D 237.1 1.3 1294829

Rolls Royce Pl/D 705.11 -5 3352854

Rsa Insrance G/D 599 -1 1752397

Sainsbury(J)/D 267.8 1.5 1437772

Schroders/D 3077 8 59992

Severn Trent/D 2299 3 86624

Smith&Nephew/D 1195 4 818685

Smiths Group/D 1523 4 272079

Standrd Chart /D 810.2 11.4 1818519

Tate & Lyle/D 724 2.5 455467

Tesco/D 196.5625 -0.45 4371523

Unilever/D 3310 24.5 1303382

United Util Gr/D 950 3.5 201525

Vodafone Group/D 196.6 0.55 9403746

Whitbread/D 3968 -14 100258

COMPANY CLOSE NET VOLUME NAME CHG TRADED





LONDON

QE Index 10,731.53 0.57 %

QE Total Return Index 17,420.35 0.57 %

QE Al Rayan Islamic Index 4,067.61 0.86 %

QE All Share Index 2,948.77 0.52 %

QE All Share Banks & 3,013.73 0.49 %

Financial Services

QE All Share Industrials 3,313.57 0.95 %

QE All Share Transportation 2,612.08 0.51 %

QE All Share Real Estate 2,342.82 0.20 %

QE All Share Insurance 4,352.78 0.43 %

QE All Share Telecoms 1,279.81 2.59 %

QE All Share Consumer 6,237.68 0.57 %

Goods & Services

QE INDICES SUMMARY QE MARKET SUMMARY COMPARISON WORLD STOCK INDICES

GOLD AND SILVER

15-02-2017Index 10,731.53

Change 61.02

% 0.57

YTD% 2.82

Volume 9,354,274

Value (QAR) 383,924,717.29

Trades 5,849

Up 18 | Down 16 | Unchanged 0213-02-2017Index 10,670.51

Change 7.02

% 0.07

YTD% 2.24

Volume 7,779,425

Value (QAR) 237,392,571.23

Trades 3,448

EXCHANGE RATE

GOLD QR144.0189 per grammeSILVER QR2.1067 per gramme

Index Day’s Close Pt Chg % Chg Year High Year LowAll Ordinaries 5859.127 48.236 0.83 5876.8 5635.1

Cac 40 Index/D 4918.61 22.79 0.47 4929.6 4733.82

Dj Indu Average 20504.41 92.25 0.45 20504.4 16012.4

Hang Seng Inde/D 23994.87 291.86 1.23 23751.92 21883.82

Iseq Overall/D 6550.8 19.43 0.3 6658.95 6369.05

Karachi 100 In/D 49214.15 -553.76 -1.11 50886.8 47878.33

S&P 500 Index/D 2337.58 9.33 0.40073 2331.58 2245.13

Currency Buying SellingUS$ QR 3.6305 QR 3.6500

UK QR 4.4921 QR 4.5548

Euro QR 3.8209 QR 3.8741

CA$ QR 2.7604 QR 2.8141

Swiss Fr QR 3.5856 QR 3.6383

Yen QR 0.0315 QR 0.0321

Aus$ QR 2.7718 QR 2.8273

Ind Re QR 0.0540 QR 0.0550

Pak Re QR 0.0344 QR 0.0351

Peso QR 0.0724 QR 0.0738

SL Re QR 0.0239 QR 0.0245

Taka QR 0.0449 QR 0.0459

Nep Re QR 0.0337 QR 0.0344

SA Rand QR 0.2774 QR 0.2831

page 21 feb 16 - the peninsula · 2017-02-15 · isam al zadjali, the ceo of oman oil company-...

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